Underdog said its wholly owned, CFTC-licensed exchange is now live in its app after UDX filed seven baseball and basketball event-contract templates on July 15 targeting a July 17 debut.
UDX, an exchange acquired by Underdog, self-certified seven sports event contract templates with the CFTC on July 15 and said it planned to launch its first contracts by July 17. Underdog later said it has launched a federally licensed, wholly owned prediction market exchange inside its app, expanding customer access to sports, culture and other event markets. The filing covered baseball and basketball contracts with $1 notional values priced from $0.001 to $0.999, a format commonly used in event-style derivatives to reflect implied probabilities. Underdog said it previously offered access to third-party exchanges including Crypto.com and Kalshi and that, after acquiring DCM and DCO licenses in March 2026 and already being a registered FCM, it now has what it described as the first complete prediction market license stack for a sports company.